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by Sarah Sharples
1st Jun 2021 3:52 PM
Aussie public servants are able to minimise how much tax they are getting slugged by putting $500,000 into superannuation.
Information released by the South Australian Department of Premier and Cabinet reveals 10 of the state s department heads are putting hundreds of thousands of dollars from their salaries into super funds via a system called salary sacrificing.
It can reduce the income tax being charged from 45 per cent down to 15 per cent, depending on a person s age and other earnings.
It showed the highest salary sacrifice was made by Nick Reade, SA s head of premier and cabinet, who put in $500,000 into super - more than what premiers around Australia are paid. Transport boss Tony Braxton-Smith put in $407,123 into his super, but neither would comment on the situation when approached by ....

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